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Access to capital for women entrepreneurs in Rwanda

Rwanda has put in place mechanisms to promote financial inclusion.

A National Financial Inclusion Strategy that is focusing on products and opportunities dedicated to helping women and girls to access capital has been developed and adopted.

The Rwandan Ministry of Finance and Economic Planning is now working with different Financial institutions in the efforts to promote financial inclusion.  

The country has also initiated the Business Development Fund (BDF) which is providing guarantees and grants to accompany the ongoing financial inclusion initiatives with a deliberate effort targeting marginalised women and young girls.

In the same line, the Ministry of gender and family promotion (MIGEPROF ) and Ministry of ICT and innovation (MINICT) are initiating a Women and youth Investment Facility (WYIF) for new startups mostly emerging women and youth entrepreneurs.

angle-left COOPEDU PLC

COOPEDU PLC

About COOPEDU PLC

COOPEDU PLC has been registered in RDB as a commercial company on February 21, 2013, created by DUTERIMBERE-IMF PLC, and then COOPEDU was given the full permit from the National Bank of Rwanda on March 13, 2014.

The operations of COOPEDU PLC consist of mobilizing and collecting savings from clients and offering loans products. Loans are provided to all people especially women who are the target group.  Are financed all clients having an income generating activity: individuals, cooperatives, SMEs and solidarity groups and VSLAs.

 

Loan provided

 

 

Brief description of the loan

Tinyuka is a commercial loan targeting women with low income and  who do not have collateral. COOPEDU PLC also provides free business advisory services. 

Business loan

Interest rate

1.8% to 2% per month

 

Collateral

N/A 

 

Grace period

N/A

 

Duration

Maximum 36 months

 

Repayment terms

Monthly payment

 

Requirements

Have an account with COOPEDU PLC and have a minimum age of 21 years.

 

Repayment terms

Monthly payment

 

Requirements

Have an account with COOPEDU-IMF PLC.

Contact details

info@copeduplc.rw
+250252570143/+250252570149
PoBox 4053
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50MAWS Project engages East African Financial institutions for more financial inclusion. Click on the photo above for the full story